Electronic Warfare Market Valuation – 2024-2031
The electronic warfare market is experiencing substantial growth driven by the adoption of cutting-edge technology to meet evolving standards in performance, accessibility, and sustainability across various segments. Its extensive application in the defence industry highlights its importance in delivering advanced solutions to a wide range of clients. Electronic warfare technologies are crucial for enhancing operational efficiency and product quality reflected in the market’s valuation of USD 19.17 Billion in 2024 with projections to reach approximately USD 25.96 Billion by 2031.
The integration of smart technology and Internet of Things (IoT) solutions is fueling demand for energy-efficient electronic warfare systems. These advancements are vital for seamless integration with AI-driven technologies such as automated quality control systems and predictive analytics which boost operational efficiency. This integration is set to enhance operational quality and development experiences driving the market to grow at a compound annual growth rate (CAGR) of 4.26% between 2024 and 2031.
Electronic Warfare – Definition/ Overview
Electronic warfare (EW) is the strategic use of electromagnetic spectrum and directed energy to control, attack, and protect against adversaries communications, radar, and other electronic equipment. EW is a comprehensive set of technologies and techniques used to destroy or deceive adversary sensors and communication systems while safeguarding one’s own. It consists of electronic assault (EA) which targets enemy equipment, electronic protection (EP) which protects friendly equipment and electronic support (ES) which entails monitoring and reconnaissance to obtain intelligence. This field is crucial to current military operations as it improves situational awareness and operational effectiveness.
Electronic warfare (EW) has numerous applications in current military operations including interrupting enemy communications, radar, and navigation systems to gain a tactical advantage. It is used to jam and confuse enemy radars and communication channels while protecting friendly forces electronic systems using countermeasures and electronic shielding. EW also plays an important role in intelligence, surveillance, and reconnaissance (ISR) by collecting and analysing adversary signals to gather key information. It also improves situational awareness on the battlefield assists precision-guided missiles, and guards against electronic attacks by enemies boosting the overall efficacy and survivability of military assets.
Advances in artificial intelligence, machine learning, and quantum computing are poised to alter the future of electronic warfare (EW) dramatically improving the ability to analyse and respond to electronic threats in real time. The combination of autonomous systems and unmanned platforms with modern EW capabilities will change the way electronic warfare is conducted providing greater operational flexibility and lowering the danger to human operators. Furthermore, the development of advanced cyber-electronic warfare techniques will allow for more effective disruption of enemy networks and systems. As the electromagnetic spectrum becomes more disputed, advances in EW technology will be crucial to retaining strategic superiority and safeguarding important infrastructure in both military and civilian sectors.
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How Evolving Threats in the Electronic Domain Drive the Electronic Warfare Market?
Evolving dangers in the electronic domain are considerably influencing the electronic warfare (EW) market. As enemies create more powerful and sophisticated electronic systems, effective EW capabilities become increasingly important. Nations and defence organisations are making significant investments in EW technologies to combat threats such as jamming, spoofing, and cyber-attacks that can impair communications, radar, and navigation systems. The ongoing evolution of these threats necessitates continuous advancements in EW systems to assure the security of important military and civilian infrastructure which drives market demand.
The growth of unmanned aerial vehicles (UAVs) and drones has created new obstacles in the electronic domain accelerating the EW market. These platforms can be utilised for reconnaissance, surveillance, and offensive operations making them ideal targets for electronic strikes. To tackle these dangers, military throughout the world are developing and deploying sophisticated electronic warfare systems capable of detecting, identifying, and neutralising hostile UAVs. This changing threat picture needs the incorporation of modern technologies like as artificial intelligence and machine learning into EW systems which will improve their ability to react to and neutralise emerging threats in real time.
The growing reliance on the electromagnetic spectrum for military purposes emphasises the need of protecting this domain. The rise of cyber-electronic warfare which combines electronic and cyber threats poses a substantial risk to national security. The convergence of cyber and electronic threats necessitates the implementation of comprehensive EW solutions capable of mitigating multifaceted attacks. As a result, defence expenditures are increasingly being directed into the development and procurement of next-generation EW systems maintaining readiness against advanced electronic threats and contributing to market growth.
Will Technological Complexity Hamper the Electronic Warfare Market?
While technological complexity does provide some hurdles it is unlikely to significantly impede the expansion of the electronic warfare (EW) sector. The development and deployment of modern EW systems necessitate highly specialised knowledge and experience, thereby limiting the number of entities capable of manufacturing and sustaining these technologies. This complexity might result in higher costs and longer development durations, thereby reducing the rate at which new solutions are released to the market. However, the vital necessity for effective electronic warfare capabilities in modern military operations guarantees that governments and defence organisations continue to prioritise investments and efforts to tackle these issues.
The rapid pace of technical advancement can result in an ongoing requirement for updates and changes to existing EW systems. Integrating cutting-edge technologies like artificial intelligence, machine learning, and quantum computing into EW solutions requires a thorough grasp of these subjects and their applications in the electronic warfare arena. This integration process can be resource-intensive and may encounter challenges in interoperability, scalability, and cybersecurity. Nonetheless, the potential benefits of these sophisticated technologies in improving the effectiveness and efficiency of EW systems motivate continued research and development activities which are backed by significant defence budgets and strategic initiatives.
Strong relationships between governments, defence contractors, and technology businesses help to drive the market forward. These collaborations allow for the sharing of experience and resources resulting in the development of advanced EW solutions capable of handling the changing threat situation. Furthermore, the growing understanding of the necessity of EW in maintaining national security and military dominance drives ongoing investment and innovation in this field. As a result, while technological complexity creates some obstacles, it also pushes the progress and sophistication of the EW market, hence promoting its growth and evolution.
Category-Wise Acumens
Will Increasing Demand for Intelligence Surveillance Drive the Capability Segment?
The electronic support segment is dominating the market. The growing demand for intelligence, surveillance, and reconnaissance (ISR) capabilities is expected to fuel significant expansion in the capability section of the electronic warfare (EW) market. Modern military operations rely largely on ISR to collect essential information, maintain situational awareness, and aid decision-making processes. As threats become more sophisticated and diversified, enhanced ISR capabilities to detect, monitor, and counter potential threats are critical. This demand is driving significant expenditures in EW systems that improve ISR tasks such as SIGINT, ELINT, and COMINT.
The incorporation of cutting-edge technologies like artificial intelligence (AI) and machine learning into EW systems is transforming ISR capabilities. These technologies enable the automated analysis of massive volumes of data, hence increasing the speed and accuracy of threat detection and response. For example, AI-driven analytics can detect patterns and abnormalities in electronic communications offering more information about adversary operations and intents. This technological advancement not only improves the efficiency of ISR operations but it also pushes the creation of more advanced EW systems tailored to the changing demands of modern warfare resulting in market growth in the capabilities category.
The development of unmanned systems and drones has broadened the breadth and scale of ISR operations driving up need for enhanced EW capabilities. Unmanned aerial vehicles (UAVs) and other autonomous platforms are widely deployed for surveillance and reconnaissance operations demanding sophisticated EW systems to protect these assets from electronic attacks and maintain operational effectiveness. As militaries around the world adopt and deploy these technologies, the requirement for complete EW solutions that seamlessly interact with ISR platforms grows. This tendency is projected to support further expansion in the capability section of the EW market as countries attempt to improve their intelligence and surveillance capacities in the face of emerging electronic threats.
Will Increasing Adoption of Combat Aircraft and UAVs Drive the Platform Segment?
The airborne segment is dominating the market. The growing use of combat aircraft and unmanned aerial vehicles (UAVs) is predicted to fuel significant expansion in the platform segment of the electronic warfare (EW) industry. Combat aircraft and UAVs play significant roles in modern military operations enabling air supremacy, reconnaissance, surveillance, and targeted strikes. As these platforms become more integrated into military tactics, the demand for enhanced EW systems to improve survivability, effectiveness, and operational range grows. This demand is driving the development and deployment of EW technologies built expressly for integration with combat aircraft and UAVs.
The integration of electronic warfare equipment into combat aircraft and UAVs improves their ability to operate in contested settings by enabling radar jamming, electronic deception, and defence against hostile electronic strikes. Advanced EW suites enable these platforms to detect and counter threats in real time increasing mission success rates and protecting the safety of both the aircraft and its crew. Continuous improvements in EW technology such as the use of artificial intelligence and machine learning for adaptive threat response, improve the capabilities of combat aircraft and UAVs. This technological advancement propels the platform section of the EW market as defence forces strive to provide their airborne assets with the most modern EW capabilities possible.
The widespread use of UAVs in military operations highlights the growing necessity of EW systems for these vehicles. UAVs are rapidly being utilised for both offensive operations and intelligence, surveillance, and reconnaissance (ISR) missions. The reliance on UAVs needs strong electronic protection measures to protect these assets from hostile electronic warfare tactics like GPS spoofing and signal jamming. As a result, demand for specialised EW systems that can be integrated into UAVs is increasing, driving growth in the platform segment of the EW market. This tendency reflects the overall emphasis on improving the electronic warfare capabilities of both human and unmanned aerial vehicles in order to preserve a strategic advantage in current battles.
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Country/Region Wise Acumens
How Increasing Investments by the U.S. Department of Defence Drive the Electronic Warfare Market in North America Region?
North America dominates the electronic warfare market. Increased investments by the United States Department of Defence (DoD) are considerably driving the North American electronic warfare (EW) market. The DoD understands the fundamental need of retaining technological superiority in the electromagnetic spectrum which is required for modern military operations. As a result, significant funding is given for the development and procurement of modern EW systems to improve the capabilities of the United States armed forces. This increase in expenditure feeds research, development, and acquisition programmes assuring the continual evolution and deployment of cutting-edge EW systems.
The DoD prioritises the integration of EW capabilities into numerous platforms including combat aircraft, naval vessels, and ground vehicles. These investments are intended to improve the survivability and effectiveness of military forces in contested areas by offering enhanced electronic assault, defence, and support capabilities.
The DoD’s emphasis on multi-domain operations as well as the necessity to address new threats from peer and near-peer adversaries are driving growth in the EW industry. Investments in electronic warfare are intended to overcome the problems given by sophisticated opponent capabilities such as anti-access/area denial (A2/AD) methods and cyber-electronic warfare tactics. By prioritising the development of resilient and adaptive EW technologies, the DoD assures that US forces maintain operational superiority across all domains. This strategic focus on upgrading electronic warfare capabilities is driving significant growth in the North American EW industry as defence contractors and technology businesses struggle to meet the DoD’s tough criteria and changing mission priorities.
How Military Modernization Efforts Boost the Electronic Warfare Market in Asia-Pacific Region?
The Asia-Pacific region is the fastest-growing region in the electronic warfare market. Military modernization initiatives in Asia-Pacific are contributing significantly to the growth of the electronic warfare (EW) industry. With rising regional tensions and growing security problems, Asia-Pacific countries are prioritising the development of their defence capabilities particularly electronic warfare systems. Rising defence funds across the area are being directed towards the procurement of advanced EW technologies in order to combat emerging threats and retain strategic superiority. This increased emphasis on military modernization generates demand for a wide range of EW technologies including electronic attack systems, electronic countermeasures, and electronic support measures.
The increasing emphasis on joint and integrated military operations is driving the integration of electronic warfare capabilities across many branches of the armed forces. Countries in the Asia-Pacific area are investing in the development of joint electronic warfare systems that can be deployed across air, land, sea, and space domains to provide complete electronic threat protection. This trend is driving collaborations among defence companies, academic institutes, and government agencies to provide interoperable EW solutions that are customised to the region’s specific operational needs.
The development of modern military technology as well as the advent of new threats such as cyber-electronic warfare and hypersonic weapons necessitate ongoing innovation in electronic warfare systems. Countries in the Asia-Pacific area are investing in R&D activities to create next-generation EW technologies capable of combating emerging threats. These initiatives are creating a dynamic ecosystem of innovation with defence businesses and technology companies working together to develop cutting-edge EW solutions. The combination of military modernization initiatives and technical innovation is driving robust expansion in the Asia-Pacific EW market establishing the region as a significant centre for electronic warfare capabilities in the global defence scene.
Competitive Landscape
The Electronic warfare Market is a dynamic and competitive industry, marked by a diverse array of players striving to capture market share. These companies are actively engaged in efforts to solidify their presence by implementing strategic initiatives such as collaborations, mergers, acquisitions, and garnering political support. With a focus on innovation, these organizations are continuously enhancing their product offerings to meet the diverse needs of consumers across various regions.
Some prominent players in electronic warfare market include:
- Lockheed Martin
- Elbit Systems
- Saab AB
- Textron
- Raytheon
- L3 Technologies
- BAE Systems
- Thales Group
- Boeing
- Israel Aerospace Industries
Latest Developments
- In October 2022, India’s Centum Electronics Ltd. Ltd. and Israel’s Rafael Advanced Systems signed a memorandum of understanding (MoU) to co-develop an electronic warfare (EW) system for the Indian Coast Guard and Indian Navy.
- In February 2023, Israel Aerospace Industries signed a memorandum of understanding (MoU) with MBDA Germany for a collaboration deal on electronic air defence and electronic warfare training for the German armed forces.
- In August 2023, Australia’s Alaris Antennas established a cooperation with Asension, a regional provider of electronic components and systems.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2021-2031 |
Growth Rate | CAGR of ~4.26% from 2024 to 2031 |
Base Year for Valuation | 2024 |
HISTORICAL PERIOD | 2021-2023 |
FORECAST PERIOD | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Lockheed Martin, Elbit Systems, Saab AB, Textron, Raytheon, L3 Technologies, BAE Systems, Thales Group, Boeing, Israel Aerospace Industries |
Customization | Report customization along with purchase available upon request |
Electronic warfare Market, By Category
Capability:
- Electronic Support
- Electronic Protection
Platform:
- Space
- Naval
- Ground
Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
Research Methodology of Verified Market Research:
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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Pivotal Questions Answered in the Study
1 INTRODUCTION OF GLOBAL ELECTRONIC WARFARE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ELECTRONIC WARFARE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL ELECTRONIC WARFARE MARKET, BY CAPABILITY
5.1 Overview
5.2 Electronic Support
5.3 Electronic Protection
5.4 Electronic Attack
6 GLOBAL ELECTRONIC WARFARE MARKET, BY PLATFORM
6.1 Overview
6.2 Space
6.3 Naval
6.4 Ground
6.5 Airborne
7 GLOBAL ELECTRONIC WARFARE MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL ELECTRONIC WARFARE MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Lockheed Martin
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Elbit Systems
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Saab AB
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Textron
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Raytheon
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 L3 Technologies
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Bae Systems
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Thales Group
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Boeing
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Israel Aerospace Industries
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10. Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
Qualitative analysis | Quantitative analysis |
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